This article is from the Australian Property Journal archive
WA property developer Port Bouvard has sold a large development site to an undisclosed buyer for $4.5 million.
Located at Lot 105 Old Coast Road, Dawesville the 17.4ha site was purchased by Port Bouvard Limited in November 2006 for $2.95 million.
Settlement is scheduled for the financial year 2010.
Port Bouvard Limited joint CEO Matt Perrott said the sale is part of the company’s asset realisation strategy.
“We expect our asset realisation strategy to maximise short to medium term value for Port Bouvard Limited and the longer term value being delivered through high quality residential estates over the next 15 years,” Perrott concluded.
Australian Property Journal
